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12 Mar 2015
USD/CAD bounces at 1.2615 and rises to 1.2680
FXStreet (Tokyo) - After falling 150 pips from 1.2765, the USD/CAD finally found support at 1.2615 where it experienced a buying interest that sent it back to 1.2680.
Currently, USD/CAD is trading at 1.2672, down 0.60% on the day, having posted a daily high at 1.2770 and low at 1.2617. USD/CAD spot is in neutral territory according to the hourly FXStreet OB/OS Index, while the FXStreet Trend Index is slightly bearish.
USD/CAD levels
If the pair extends its bounce from 1.2615, next resistance will be found at 1.2700, 1.2770 and 1.2800. TO the downside, supports are at the mentioned 1.2615, then 1.2600 and 1.2570.
Currently, USD/CAD is trading at 1.2672, down 0.60% on the day, having posted a daily high at 1.2770 and low at 1.2617. USD/CAD spot is in neutral territory according to the hourly FXStreet OB/OS Index, while the FXStreet Trend Index is slightly bearish.
USD/CAD levels
If the pair extends its bounce from 1.2615, next resistance will be found at 1.2700, 1.2770 and 1.2800. TO the downside, supports are at the mentioned 1.2615, then 1.2600 and 1.2570.